Finance Act, 1995 Section 24 - Bare Act |
| State | Central Government |
| Year | 1995 |
| Section Title | Insertion of New Section 113 |
After section 112 of the Income-tax Act, the following section shall be inserted with effect from the 1st day of July, 1995, namely :-
"113. Tax in the case of block assessment of search cases. - The total undisclosed income of the block period, determined under section 158BC, shall be chargeable to tax at the rate of sixty per cent."